GTAP Resources: Resource Display
GTAP Resource #6102 |
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"Versatility and Specificity of PE Models for Trade Policy Analysis" by Ahmad, Saad and David Riker Abstract The ex-ante effects of trade agreements are usually predicted with economy-wide models under a general equilibrium closure so that inter-industry linkages are accounted for in the policy simulation. However, modern trade agreements increasingly have policies that target specific industries and are not easily accounted for in the economy-wide analysis. In these instances, partial equilibrium (PE) models can play a key role in the analysis by examining in detail the impact of industry-specific trade provisions and then incorporating these expected trade effects in the overall economy-wide model. This paper shows how PE models can be used to map industry-specific trade policies and highlights some provisions in the recent U.S.-Mexico-Canada Agreement (USMCA) that are well suited for a PE analysis. |
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- Non-Tariff barriers - Preferential trading arrangements - North America |
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Public Access GTAP 2020 Presentation (305.3 KB) Replicated: 0 time(s) Paper (332.5 KB) Replicated: 0 time(s) Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM